AUD/USD Jolts Higher to 0.7630, RBA Keeps Rates On-Hold The AUD/USD pair reversed losses and jumped back on the bids after the RBA decided to keep its official cash rate unchanged at a record low of 2.0% at its policy meeting today...
RBA Keeps Rate Unchanged, AUD May Complicate Adjustment in Economy As widely expected, the Reserve Bank of Australia left the official interest rate unchanged at 2%, noting that at today's meeting, the Board judged that there were reasonable prospects for continued growth in the economy, with inf...
BOJ, MOF, FSA Officials to Meet on Markets from 5:00 GMT Bloomberg reports that BOJ, MOF (Ministry of Finance) and FSA (Financial Services Agency) officials are to meet on markets from 0500GMT...
USD: Near Term Outlook Looks Very Bleak - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the near term USD outlook looks very bleak, as the full import of Chair Yellen’s decidedly dovish tone continues to reverberate the USD could see another 2-3% USD downside from curren...
US: Encouraging Signs of Economic Growth - ING James Smith, Economist at ING, suggests that an encouraging labour report, coupled with an increase in the ISM Manufacturing Index, will give the FOMC more confidence about the direction of the economy...
BOJ’s Kuroda: Yen Rises had Negative Effect on Big Manufacturers' Sentiment More headlines flowing in from the BOJ Chief Kuroda via Reuters, as he comments on the Yen and overall Japanese economic growth...
BOJ's Kuroda: Watching Forex Moves Carefully BOJ (Bank Of Japan) Governor Kuroda is crossing the wires, speaking in parliament, noting that they are watching forex moves carefully but monetary policy doesn't directly target forex, adding that it is desirable for forex to move in way reflecting fu...
America's "exorbitant privilege" of being able to pay its bills in the currency it prints at a zero marginal cost has been a matter of great controversy ever since the term was coined in the mid-1960s by the former French President Valéry Giscard d'Estaing, who was serving as a young finance mini...
Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags on into June and July, according to European officials monitoring the slow progress of Prime Minister Alexis Tsipras’s negotiations with creditors...
WTI Gains Still Capped Above $37.00 The barrel of West Texas Intermediate keeps the initial negative tone unchanged on Monday, fading another bullish attempt to the key $37.00 handle. WTI up on US weakness Crude oil prices keep the narrow trading range today, finding support around $36...
Citigroup Inc., the world’s biggest currency trader, says it’s “too soon” to buy the U.S. dollar after it slumped to a nine-month low and economic data came in stronger than forecast. A gauge of the dollar was little changed Monday after dropping 1...
Brent: Pressure on the Price Continues Weekly data released by the US Department of Energy last Wednesday showed the rise in the US oil reserves; which together with statement by Saudi crown prince Mohammend bin Salman, caused the decline in the price of crude oil Brent on Friday against the rise...
Brent: Oil Prices Go Down Qatar’s Minister of oil Mohammed bin Saleh al Sada said that 12 countries confirmed their participation in the upcoming meeting, devoted to freezing of oil production. The meeting will be held on 17 April in Doha...
U.S. Government Bonds Climb As Investors Eye Crude Oil Prices, FOMC Minutes The U.S. sovereign bonds rallied on Monday as investors are closely monitoring a spike in the prices of crude oil and waiting to read any hints from Federal Reserve members’ comments for future policy actions...
RBA Rate Hike Possible as AUD Appreciates Significantly Since Mid-January The Australian dollar came under pressure today morning after Australia recorded weak retail data. This is expected to reflect concerns regarding the rate decision, according to Commerzbank...
Global Macro Overview for 04/04/2016 Global macro overview for 04/04/2016: (Crude Oil) Oil has been in decline once again overnight as on Friday, traders continue responding to reports that Saudi Arabia may not be willing to take part in the price freeze without all other major producers, both OP...
Historically, the first trading session after a U.S jobs report tends to be the quietest trading session of the month. Yet, watching intraday asset price moves for 2016, no one could speculate with confidence that any trading session would be relatively tame...
Here’s why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: gold’s biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago...
USD Longs Cut Again, CAD Shorts Fall – Nomura David Wagner, Research Analyst at Nomura, suggests that according to the IMM data for the week ended March 29, non-commercial accounts continued to sell USD to the tune of -$1.5bn, bringing positioning in USD to $7.4bn...
